Bain Capital Specialty Finance, Inc 8-K, filed Feb 22, 2023
Bain Capital Specialty Finance, Inc. (BCSF)
About this 8-K
Bain Capital Specialty Finance, Inc filed this 8-K on February 22, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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| Item 7.01. | Regulation FD Disclosure |
On February 22, 2023, Bain Capital Specialty Finance, Inc. (the “Company”) issued a press release, announcing Kroll Bond Rating Agency, LLC has assigned the Company an investment grade rating of BBB and Stable outlook. A copy of the press release is attached hereto as Exhibit 99.1.
The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed” for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section. The information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) Exhibits. |
| 99.1 Bain Capital Specialty Finance, Inc. Press Release, dated February 22, 2023 |
| 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Bain Capital Specialty Finance, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BAIN CAPITAL SPECIALTY FINANCE, INC. | |||
| Date: February 22, 2023 | By: | /s/ Jessica Yeager | |
| Name: | Jessica Yeager | ||
| Title: | Secretary | ||
Exhibit 99.1
Bain Capital Specialty Finance, Inc. Receives Investment Grade Rating from KBRA
BOSTON – February 22, 2023 – Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”, “our” or “we”) today announced that Kroll Bond Rating Agency, LLC (“KBRA”) has assigned the Company an investment grade rating of BBB and Stable outlook.
“We appreciate KBRA’s thoughtful diligence in assigning BCSF an investment grade rating, which reflects our well-diversified, largely senior secured investment portfolio, diversified funding mix, and Bain Capital Credit’s 25-years of experience investing in the private debt markets, from which the Company benefits,” said Michael Boyle, President of BCSF. “We are pleased to further strengthen our capital position with an additional investment grade rating.”
About Bain Capital Specialty Finance, Inc.
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. BCSF is managed by BCSF Advisors, LP, an SEC-registered investment adviser and a subsidiary of Bain Capital Credit, LP. Since commencing investment operations on October 13, 2016, and through September 30, 2022, BCSF has invested approximately $6.2 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. BCSF’s investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. BCSF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.
Forward-Looking Statements
This letter may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the U.S. Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this letter.
| Investor Contact: | |
| Katherine Schneider | |
| Tel. (212) 803-9613 | |
| investors@baincapitalbdc.com | |
| Media Contact: | |
| Charlyn Lusk | |
| Tel. (646) 502-3549 | |
| clusk@stantonprm.com | |